Forefront Wealth Management Inc. Grows Position in JPMorgan Equity Premium Income ETF $JEPI

Forefront Wealth Management Inc. grew its holdings in JPMorgan Equity Premium Income ETF (NYSEARCA:JEPI) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 182,906 shares of the company’s stock after acquiring an additional 12,100 shares during the quarter. JPMorgan Equity Premium Income ETF accounts for 7.5% of Forefront Wealth Management Inc.’s portfolio, making the stock its largest holding. Forefront Wealth Management Inc.’s holdings in JPMorgan Equity Premium Income ETF were worth $10,470,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Asset Dedication LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $28,000. FNY Investment Advisers LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the fourth quarter valued at approximately $28,000. BTG Pactual Asset Management US LLC bought a new stake in shares of JPMorgan Equity Premium Income ETF in the second quarter valued at approximately $31,000. Logan Capital Management Inc. bought a new stake in shares of JPMorgan Equity Premium Income ETF in the third quarter valued at approximately $33,000. Finally, VSM Wealth Advisory LLC boosted its position in shares of JPMorgan Equity Premium Income ETF by 84.1% in the third quarter. VSM Wealth Advisory LLC now owns 589 shares of the company’s stock valued at $34,000 after acquiring an additional 269 shares during the period.

JPMorgan Equity Premium Income ETF Stock Performance

JEPI opened at $57.54 on Monday. JPMorgan Equity Premium Income ETF has a 1-year low of $52.16 and a 1-year high of $59.90. The stock has a market capitalization of $44.86 billion, a price-to-earnings ratio of 23.93 and a beta of 0.58. The business has a 50 day moving average of $57.99 and a 200-day moving average of $57.58.

JPMorgan Equity Premium Income ETF Profile

The JPMorgan Equity Premium Income ETF (JEPI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively-managed fund that invests in large-cap US stocks and equity-linked notes (ELNs). It seeks to provide similar returns as the S&P 500 Index with lower volatility and monthly income. JEPI was launched on May 20, 2020 and is managed by JPMorgan.